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? because we wouldn't raise the debt ceiling. and the republicans said we've got to have some cuts, mr. president. we have got to do something about the debt course. we can't continue. we're not going to allow you to keep running with the credit card of the people of america if you don't show that you're changing your habits and you're containing some of your lust to spend. finally an agreement. he hated it worse than anything. finally an agreement. he signed it. "i agree that if if you will raise my debt ceiling right now of $2.1 trillion, i promise in the future that i'll cut spending $2.1 trillion." if you let me do it over ten years, i'll sign it. but i've got to have my debt ceiling now. less than two years later we've already increased the debt ceiling $2.1 trillion. we're right up there again having to raise the debt ceiling again. it will be a matter of weeks that this has got to be confronted again. well, what about the spending cuts? before the ink was dry on that agreement, signed by the president himself, i've got the document right here, in blue ink, barack obama right the
long? >> until september 30th i believe. >> and then there will be a debt ceiling fight in may. >> bill: i was getting to that. >> that's right. and republicans said if you are going to raise the debt ceiling they still want the same amount of cuts to go through. president obama has made it very clear to house republicans he is not going to negotiate on debt ceiling, just pass it clean, but they are probably going to put up a fight. >> bill: democrats last time made a lot of political hay, by taking the ryan budget and hanging it republican's necks. and they are going to do that this time? >> i am told they are making at it central focus of the 2014 campaign. however, republicans -- remember what happened last time. and they are trying to get out in front now. this budget balances the budget in ten years. they are confidence the balanced budget message will resinate with the american people. and so there are the first television ads using the balanced budget message as their key point in new york and florida. >> bill: interesting they would pick new york and f
told the american people, who were reluctant to raise the debt ceiling, and a lot of members of congress were reluctant to raise the debt ceiling since we were so irresponsible around this place, but an agreement was reached recognizing that could be disruptive to a significant degree, that we would raise the debt ceiling $2.1 trillion but we would reduce spending over ten years $2.1 trillion. well, we've already run up another $2.1 trillion in debt. we've already hit that. but they're proposing, and the president himself in his budget last january, six months -- less that six months after he signed the budget control act eliminating a little bit of the growth in spending, he's proposing to eliminate it, at least the sequester part of it, which is $1.2 trillion, 60%. so here are some other figures that are plain that the american people should know about this budget. it has a 60% spending increase over ten years, would increase spending 60%. it has $162 billion increase in spending next year, another stimulus bill. $7.3 trillion in new federal debt will be added under this bu
agreed if we continue with razor debt ceiling, that number will go a. but the next speaker has been an outspoken advocate for not raising the debt ceiling without equal cuts and not razor debt ceiling's our children cannot inherit a debt ridden future. the next speaker has been an outspoken advocate for the unilateral repeal of obamacare. >> and more so than anything else, our next speaker is one of the most courageous conservatives in the country your she stands for principle, she will oppose republican just like she will oppose a democrat. she's fighting for the future of this country, so my generation can prosper. ladies and gentlemen police join me in welcoming congresswoman michele bachmann. [cheers and applause] ♪ ♪ >> good morning. good to see you. so glad you're here. good morning. love you, too. good morning. welcome, everyone. thank you for that wonderful, wonderful tea bag or the morning welcome. and you are up and you. welcome to washington, d.c. the epicenter of care and compassion. it is a very unique city, as you know. you have to show a photo id in would have a w
the debt ceiling ceiling $2.1 trillion ae agreed to reduce spending over ten years, $2.1 trillion. before the ink was dry, the president was proposing to eliminate the cuts he agreed to. he's been fighting to eliminate those cuts from the beginning. and they're really not cuts. they're simply -- if they were properly applied, it would reduce the growth of spending and not cut spending actually at all. so the committee that was supposed to find all the cuts failed. the sequester came into law. it's an antimilitary provision. it was put in by jack lew, a very liberal member of the president's, at that time, chief of staff for offic office of mot and budget. the president seems to be quite happy to see these cuts fall on the defense department. he seems to be happy to have this happen. why do you say that? i say, because he's done nothing to philadelphia it. -- to fix it except demand something that he has no right to demand. that is, to violate this agreement and raise taxes and spend more. and that's not going to happen. congress is not going to vote to violate the agreement they made with
these two plans could be the beginning of a bigger agreement over the next several months. the debt ceiling will have to be raised sometime this summer and these plans could become part of a larger plan to raise the debt ceiling. >> paul krawzak writes for cq roll call. thanks for talking with us today. >> thank you. >> president obama officially nominated thomas perez to be his next labor secretary. mr. peres has been in the sub rights division since 2000 currently serves as the assistant attorney general for civil rights. he is the sum of a dominican immigrant in the first hispanic to be named to president obama second term cabinet. the ceremony to case in the white house geese room this morning. here is a look. [background sounds] >> ladies and gentlemen the president of the united states accompanied by thomas perez. [applause] [applause] >> thank you. [applause] everybody have a seat. have a seat. as i have set before my top priority as president is doing everything we need to do to make sure that we are growing our economy and that we are strengthening our middle class. and as i said s
Search Results 0 to 5 of about 6